What constitutes K-1 income for assets in a brokerage account. I assume I prepare a K-1 for the beneficiary, my daughter?

[DDollar · Accepted solution]

I assume you are preparing K-1 for a Trust or an Estate.  You report the same income you would report on a individual tax return.  This would include Dividends, Interest Income, Capital Gains Distributions, and Long & Short Term Capital Gains/Losses.  And yes, the beneficiary(s) is who you prepare the K-1(s) for.